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A project has the following cash flows. What is the payback period? Year Cash Flow 0 -29,000 1 14,600 2 9,200 3 8,700 4 7,100

A project has the following cash flows. What is the payback period?

Year Cash Flow
0 -29,000
1 14,600
2 9,200
3 8,700
4 7,100

2.38 years

2.49 years

2.60 years

3.01 years

3.33 years

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